RENEWABLE ENERGY SOLUTIONS THAT SAVE MONEY. THEY EVEN MAKE MONEY.
Gone are the days when payback periods for the investment in a solar energy system was measured in decades. In fact, with the tax incentives, accelerated depreciation, net metering, and energy savings, return rates on a solar investment usually exceed what you can earn elsewhere.
Solar energy systems are reliable. The component costs are at an all-time low. Let Blue Selenium Solar show you how they make sense for your business.
Massachusetts Commercial Solar Incentives
In Massachusetts, there are two kinds of financial incentives that can dramatically lower the price of your solar energy installation:
1. There are “Solar Purchase Incentives” that reduce the upfront cost through the use of State and Federal Tax Credits and Rebates and Property and Sales Tax Exemptions.
2. There are also “Solar Production Incentives” that kick in once you turn your system on and actually create cash flow for up to 10 years from the sales of the SRECS (Solar Renewable Energy Credits).
Here is a brief list of available Solar Purchase Incentives and Production Incentives, for more detailed information goes to: Business Rebates
Federal Business Energy Investment Tax Credit:
- A business owner may claim a credit of 30% of qualified expenditures for a solar energy system that serves a business located in the United States.
Massachusetts Solar Rebate Program:
- Your business may be eligible for the Commonwealth Solar II Rebates in the amount of: $0.40 - $0.45 per watt DC of system capacity, or $2,250 maximum. Eligible System Size: 1kW to 15kW (DC), although the rebates will be based upon the first 5kW only.
Here is a brief list of available Solar Production Incentives.
Solar Renewable Energy Certificates (SRECs) Program:
- As of January 2010 additional revenue can be made from PV systems by electing to sell SRECs. An SREC is a certificate that represents all the positive environmental attributes of producing clean electricity generated from a solar electric system and is priced on a megawatt-hour (MWh) basis. Each time a solar system generates 1,000 kW hours (1 megawatt hour) of electricity, an SREC is issued which can then be sold or traded separately.
Massachusetts Net Metering
- Net metering is now available to customers of investor-owned utilities in Massachusetts. Under this agreement, the customer’s electric meter tracks the surplus electricity generated by the solar electric system and the electricity that the customer consumes. The customer is only billed for the net amount of electricity they use. Credits may be carried forward to the next month indefinitely. Credits from net metering facilities may be transferred to another customer of the same utility as long as they are within the same service territory and ISO-NE load zone.
Other Tax Incentives and Exemptions:
Federal and State Tax Write-offs: Corporate Accelerated Depreciation- Modified Accelerated Cost-Recovery System (MACRS) + Bonus Depreciation (2008-2012):
- In 2012, business owners can claim special "Bonus Depreciation" that allows them to write off up to 50 % of the qualified systems costs in the first year of operation. Renewable Energy Systems are also eligible for Accelerated (MACRS) Depreciation of the remainder of the qualified costs over five years under Federal Law. This is very advantageous to businesses since it increases cash flow.
Property Tax Incentive (MA):
- Renewable Energy Property Tax Exemption: Solar systems used as a primary or auxiliary power system for the energy needs of a taxable property are exempt from local property tax for a 20-year period.
- Blue Selenium Solar has partnered with a variety of financial lending institutions, and as a result can provide you a financing option that will best meet your needs.
- Loans, Leases, and PPA’s (Power Purchase Agreements)
- Please click here to learn more about Financing: Solar Financing
Simplifying Solar...It’s what Blue Selenium does.
You may qualify for other special State incentives available through the Commonwealth Solar Program and the New Hampshire Public Utilities Commission.